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Broader fine wine market rises in November
Although the Fine Wine 100 contracted slightly last month, the much broader view of the market was much more positive, rising to even greater heights.
The Liv-ex Fine Wine 100 has regressed a little this autumn but the Fine Wine 1000 has gone onwards and upwards throughout the year, rising 1.7% in November – meaning it is up just over 10% on the year to date.
Within the index, the Burgundy 150 was the best performer yet again, activity around Armand Rousseau and Domaine de la Romanée-Conti pushing the sub-index up almost 8%.
As Liv-ex examined in another post recently, Burgundy is on track to see record levels of trade this year. Its share of total trade on the Exchange has risen to 11% so far this year, up from 9% in 2017.
What is important for Burgundy is that, while it remains very important, the region’s trading no longer hinges utterly on the fortunes of DRC.
Indeed, the famous domaine’s trade share has actually been low for the past two years as buyers have broadened their scope.
As Liv-ex explained, over the last three years the number of “distinct wines” being traded has increased 89%.
The Rhône 100 also rose just over 2% in November but the other sub-indices (Bordeaux, Champagne and Rest of the World) more or less ran flat and the Italy 100 declined 1.5%.